Dashboard My courses 20201 - General - Question 23 Which of the following statements about depreciation is true Not el Marked out of P Flag question Select one: 2. A shareholder wealth maximizing corporation prefers to defer depreciation expense in order to increase current reported profits. b. Depreciation is a non-cash expense, but it is important because it affects a corporation's tax liability c. The choice of depreciation method has no impact on a firm's value because the same amount of depreciation is taken over the life of an asset regardless of the method used. d. Depreciation must be calculated the same way for financial reporting and tax purposes. Previous page Next page Return to: General